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| John Wren |
Omnicom CEO John Wren reports Q1 revenues from “core operations” rose 6.7 percent to $5.6B, driven in part by a 3.9 percent boost in organic growth.
The compay defines core operations as excluding businesses that have been sold or are up for sale.
Reported revenues surged 69.2 percent to $6.2B, largely reflected by the acquisition of Interpublic. Net income was up 41.7 percent to $405M.
Wren said the strong performance of “new Omnicom reflects our new integrated capabilities, core portfolio operations, and successful integration activities.”
He boasted that OMC has the “largest global media platform,” proprietary data and identity capabilities powered by AI that are needed to win in the increasingly fragmented and complex marketing environment.
OMC’s PR group, which includes Weber Shandwick, Golin, Ketchum, FleishmanHillard, Porter Novelli and Marina Maher Communications, combined for $659.8 revenues.
Public Policy Holding Company grew 27.5 percent to $50.1M during Q1, powered by the accelerating contribution from recent acquisitions and a 5.1 percent hike in organic revenues across its three operating segments.
Institutional Shareholder Services advises investors to vote "no" on a compensation package for WPP chief Cindy Rose at the May 8 annual meeting.
FTI Consulting chalked up a 9.5 percent rise in Q1 revenues to $983.3M, powered by gains in its PR, corporate finance and technology segments.
Stagwell reports 4 percent growth in Q1 net revenues to $585M and a record $141M in net new business wins.
WPP reported a 6.7 percent drop to $3.1B in Q1 like-like revenues less pass-through costs. CEO Cindy Rose says 'it will take time to outpace historical losses."
